when alexs income increased from 3000 to 5000 he


When Alex's income increased from $3,000 to $5,000, he increased his consumption of bagels from 4 to 8 a month and decreased his consumption of donuts from 12 to 6 a month. Calculate Alex's income elasticity of demand for

a. Bagels.

b. Donuts.

 

 

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Microeconomics: when alexs income increased from 3000 to 5000 he
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